STANDARD CHARTERED PLC, STAN

no surprise there.

Hi Tayal

Are you connected to these guys: www.marketlive365.com/

There seems to be a link to yourself which I saw here:

london.craigslist.co.uk/fns/5037244068.html

Just so all is transparent.

Thanks
Stevo

What are "wave type indicators"?

This stock was showing wave type indicators. Creating support level of 1055

But if it breaks the support level of 1055 it can show selling strength.

maybe both, a bull flag within a bear flag, yes very possible.

as for continuation longer term, this needs to start making higher highs, unitl then it remains in a downtrend, however stan has had its best move up in points since mar2013, since the recent lows.

I'll be watching this pull-back with great interest, and if it puts in higher low or not will dictate its
course..

if it does, then - initial upside target around 1264, 1340/50,

if it does not and the recent lows get taken then a retest to 2009 lows possible.

rgds WS

Looks mixed to me and positive RSI divergence has probably already played itself out.

Is the rise from the low a nice bear flag just starting its descent or does the minor Bull Flag highlighted off that rise indicate a move higher?

I looked up cup and handle after noting the formation on IAE a little while ago and found that it is actually (strictly) a continuation play, not a bottom play; so it should come after an initial rise!


F4T